I really hope it will help us all in saving and in better managing our finances....
Kaya Mo Pinoy! 12 Steps to Build Wealth on Any Income”
1. Understand and overcome the obstacles to building wealth. It all starts with knowing what true wealth really means and changing your attitude towards wealth building. You have to break down those psychological barriers.
2. Know what you want and dream big. Successful people are dreamers. They know exactly what they want to achieve and they set high goals for themselves.
3. Find out where you are and what you have. If you are not aware of where you are, you will not know how to get to your destination. Having a good grasp of your present situation will help you identify what needs to be done to accomplish your goals.
4. Make saving a lifelong habit. Saving is the foundation on which you build your wealth. So it should be as regular as breathing.
5. Spend your money wisely. It’s not just about how much you earn but how much you spend and keep that will determine if you can achieve financial stability.
6. Get out and stay out of debt. Huge debts can cripple your financial health for life so it should be managed properly.
7. Find ways to earn more, to save more. Lack of income should not be a hindrance to becoming rich. There are many ways to boost your income at work or in your business.
7. Prepare for life's financial challenges.Accidents, a major illness or untimely death can happen anytime and wreak havoc to your finances if you are not ready.
9. Plan for a hassle-free and comfortable retirement. If you can’t achieve wealth in your 40s and 50s, at the very least do something to retire in comfort.
10. Grow your money through smart investing.Saving is not enough. You should make your money work for you so you can reach your goals faster.
11. Take care of your health to enjoy your wealth. It may be a cliché but health is really wealth. An unhealthy lifestyle can cut short your life even before you can enjoy what you worked hard for.
12. Share your blessings and receive more riches. Grow richer by giving more to those who are truly in need.
If you still think it’s not possible to build wealth on any income then you are just making excuses. Just because you can’t or you won’t doesn’t mean it is impossible. If some people have done it then there’s no reason why you or anyone else can’t do it.
